CashNews.co The Indian payments industry is likely to grow to $49 trillion in value by 2028, recording a 10% growth from the level of $30 trillion seen at the end of 2023, estimates by Boston Consulting Group (BCG) exclusively shared with ET show. BCG also projects that the transaction volumes will outpace total transaction values […]
CashNews.co BlackRock Inc., the world’s largest asset manager, is in talks with billionaire Mukesh Ambani’s Jio Financial Services Ltd. to set up a private credit venture, aiming to tap the expanding direct lending opportunities in India, according to people familiar with the matter. The 50-50 joint venture will lend to businesses ranging from large companies […]
CashNews.co Mumbai: The Indian payments industry is likely to grow to $49 trillion in value by 2028 recording a 10% growth from the level of $30 trillion seen at the end of 2023, estimates by Boston Consulting Group (BCG) exclusively shared with ET shows. BCG also projects that the transaction volumes will outpace total transaction […]
CashNews.co India’s foreign-exchange reserves will likely rise to $745 billion by March 2026, giving the central bank more potential firepower to influence the rupee, according to Bank of America. The monetary authority “seems relaxed about holding larger forex reserves, owing to its desire to build buffers against contingent external risks,” BofA analysts Rahul Bajoria and […]
CashNews.co Finance Minister Nirmala Sitharaman expressed optimism about India’s economic growth, projecting that per capita income will increase by $2,000 over the next five years. During her address at the Kautilya Economic Conclave, she highlighted that it took 75 years to reach a per capita income of $2,730, but the next significant jump is expected […]
CashNews.co Credit growth was flat at 15 percent in August compared to same period last year levels according to the data on sectoral deployment of bank credit released by RBI on Monday. But this time round lending to industry and agriculture rose at a faster pace than last year. But loans to services and retail […]
CashNews.co Nomura bought nearly 94 lakh shares worth Rs 752 crore in Five Star Business Finance on Thursday via a couple of block deals. The shares were bought at a price of Rs 800.50 a piece, which were 1% lower from Wednesday’s closing price of Rs 808.40 on the BSE. Nomura made investments through Nomura […]